Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ismnotwasm

(41,976 posts)
Wed Jun 25, 2014, 11:59 AM Jun 2014

More Women Starting Businesses Isn’t Necessarily Good News

Quite honestly, I don't know what to make of this article. Are they talking about a brain drain, loss of talent or if women go their own way control is lost? There's a sour grapes feel to it as well. I'd appreciate opinions. Ironic that the woman writing it started her own business.

MORRA AARONS-MELE
Morra Aarons-Mele is the founder of Women Online and The Mission List. She is an Internet marketer who has been working with women online since 1999. She helped Hillary Clinton log on for her first Internet chat, and launched Wal-Mart’s first blog. Morra tweets at @morraam.

New data show women starting new businesses at a “torrid” pace, according to an American Express analysis of Census Bureau figures. Between 1997 and 2014, the number of women-owned businesses in the U.S. rose by 68 percent. They are starting an estimated 1,288 companies each day, up from 602 in 2011-12. They are starting businesses twice as fast as men.

Why are women starting businesses so fast? Women self-report that they often start businesses often to seize control of their time and schedule at work. And I understand the pull of leaving a strict corporate job for your own venture; I started my business in direct defiance of working for someone else.

Greater rates of small business creation seem like a good thing, but the economic impact of most women’s small businesses may not be what’s best for women, their families or the economy in the long run. As Alicia Robb from the Kauffman Foundation notes, “Less than 2 percent of women-owned firms reach that [million dollar] revenue threshold, and that is the same exact percentage as a decade ago.”Women-owned businesses are disproportionately in industries where the median receipts are less than $225,000 (and businesses with receipts less than $100,000 are more likely to fail). Most women struggle to replace their corporate salary, and 88% of women owned businesses are sole proprietorship, non-employer firms.

If women face lower upside in starting businesses, why do they do it? Perhaps because the fire of entrepreneurship is still preferable to the frying pan of established corporations.

Yes, women are graduating from college in higher numbers than men and permeating the workforce — at least at the entry and middle management levels. The women who make it to leadership roles perform better than their male peers, by several metrics. More women are C-suite executives than at any time in our nation’s history.


http://blogs.hbr.org/2014/06/more-women-starting-businesses-isnt-necessarily-good-news/
10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
More Women Starting Businesses Isn’t Necessarily Good News (Original Post) ismnotwasm Jun 2014 OP
its important data, either way. mopinko Jun 2014 #1
That's a good way to look at it ismnotwasm Jun 2014 #2
i have money to invest. i am just about at the point where i am looking seabeyond Jun 2014 #3
I think you could do just about anything you wanted to do ismnotwasm Jun 2014 #4
well, if you need to make money, mopinko Jun 2014 #5
i couldnt do that. i am talking more a building with air condition. lol seabeyond Jun 2014 #7
hey, is that a new sig? mopinko Jun 2014 #8
relatively new. and ya. we have been a small business family for decades. seabeyond Jun 2014 #9
what a concept. mopinko Jun 2014 #10
I had a chortle at this... shaayecanaan Jun 2014 #6

mopinko

(70,078 posts)
1. its important data, either way.
Wed Jun 25, 2014, 12:16 PM
Jun 2014

pressing for better working conditions for all women seems like it might be a smarter way for us all. i suspect a lot of women also invest their retirement savings in said businesses after checking out of the corporate world.
starting your own business does sort of feel to me like the old "myth of the adequate personal solution".

and in all honesty, i am doing just that with my farm. but i expect that to yield a lot of things that money cant buy, including a community that looks out for me when i am too old to work any more.

but taking these kinds of risks IS a sign that women continue to be shit on in the good jobs.

ismnotwasm

(41,976 posts)
2. That's a good way to look at it
Wed Jun 25, 2014, 12:20 PM
Jun 2014

I'm thinking she wants to keep women trying for upper echelon positions in the corporate world.

Good deal about your farm

 

seabeyond

(110,159 posts)
3. i have money to invest. i am just about at the point where i am looking
Wed Jun 25, 2014, 02:48 PM
Jun 2014

to see if there is a business i would like to start up.

we looked in january and february and nothing much. life got busy. but now i am back to thinking about this.

ismnotwasm

(41,976 posts)
4. I think you could do just about anything you wanted to do
Wed Jun 25, 2014, 03:00 PM
Jun 2014

My hospital hires consultants-- pays them big bucks for ideas that a) aren't implemented in a realistic manner for nurses, and b) if committees formed of nurses were allowed to address the particular issues, it would cost less and be more effective. Point of fact the committees we do have of nurses have come up with incredibly creative ideas that do work. One nurse on my unit designed a "acuity index" form (gives point of difficulty do care to patient) that's works very well.

Consultants are a great idea-- mini think tanks that do the paper work for you, and not all of their ideas were bad.

In hospitals, In healthcare in fact, there is enormous opportunity for quality assurance consultants, given the affordable healthcare act and Medicare bundling reimbursement---toss in nursing input, and you're golden

As a for instance

mopinko

(70,078 posts)
5. well, if you need to make money,
Wed Jun 25, 2014, 06:07 PM
Jun 2014

dont buy a farm. lol

tho, srsly, the small farm economy is growing by leaps and bounds. i have a ton of great market options if i get to that place. there is really cheap land in the city. there is all the tech support and start up infra that you could ask for.
in fact, my ward has an incubator ready to fire up for food related businesses. they are just waiting. in fact, i get ribbed from time to time for my failure to get on the bus. but i just dont have time right now.

if you have a good start up fund, you can make it work, if you are i the right place at the right time.

 

seabeyond

(110,159 posts)
7. i couldnt do that. i am talking more a building with air condition. lol
Thu Jun 26, 2014, 11:21 AM
Jun 2014

i think your business is an incredibly interesting and forward thinking style. i wish you the best, but i am more the deli, yogurt, donut, dry cleaners, auto care, retail, whatever type.

i am looking for some interesting franchises that might be needed in my area.

there was a cold stone icecreamary that was really interesting.

mopinko

(70,078 posts)
8. hey, is that a new sig?
Thu Jun 26, 2014, 11:50 AM
Jun 2014

or did i just never notice that you have one of my favorite, and oft quoted, sayings in your sig? my very first feminist swag was a tote bag with that quote, and a lovely loaf of bread. i was known to stick it in people's faces. lol

yeah, a franchise is a good way to go. let someone else do the big thinking. just be careful to get a good one.

 

seabeyond

(110,159 posts)
9. relatively new. and ya. we have been a small business family for decades.
Thu Jun 26, 2014, 11:59 AM
Jun 2014

not only do i have a lot of knowledge, but i have a couple others in my life that has lots of knowledge. so this, i am pretty confident and very comfortable with.

lots of experience.

mopinko

(70,078 posts)
10. what a concept.
Thu Jun 26, 2014, 02:01 PM
Jun 2014

i was so happy when i saw my first fb meme that said- leap before you are ready.
i knew then that it wasnt just me. and that there might be something good about it.

confident and comfortable sounds like a great place to be.

shaayecanaan

(6,068 posts)
6. I had a chortle at this...
Thu Jun 26, 2014, 09:59 AM
Jun 2014
Most women struggle to replace their corporate salary


Most women, and indeed most men, never had one in the first place.

Latest Discussions»Alliance Forums»History of Feminism»More Women Starting Busin...